Taxes July 6, 2026
Opponents of Washington’s new high-earners income tax submitted more than 500,000 signatures for an initiative to kill the tax Thursday, setting up an epic brawl for November over the state's tax system.
Taxes April 16, 2024
President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in AGI last year.
Taxes April 16, 2024
Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.
Taxes April 16, 2024
A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion.
Taxes April 16, 2024
By taking the right steps, it's possible to avoid overpaying taxes and enjoy tax benefits.
Taxes April 15, 2024
These additional census tracts were determined to meet the description of eligible census tracts in Notice 2024-20, the IRS said.
Taxes April 11, 2024
While the cuts yielded benefits to Americans up and down the income scale, the benefits could best be described as modest.
Taxes April 11, 2024
Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.
Taxes April 11, 2024
Despite its recent trendiness in certain circles, Direct File has little potential for good—and much for bad.
Taxes April 11, 2024
The new IRS Direct File tool represents government at its best: saving families time and money.
Taxes April 9, 2024
The new guidance pertains to the Inflation Reduction Act's 1% excise tax owed on corporate stock repurchases or buybacks.
Taxes April 9, 2024
When it comes to taxes, misleading information on social media can lead to financial or even legal problems, the IRS said.
Taxes April 9, 2024
The IRS told tax professionals last week it’s making changes that will impact how practitioners obtain a client's tax transcripts.